A mutual fund's operating costs expressed as a percentage of the total average assets is...
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A mutual fund's operating costs expressed as a percentage of the total average assets is called the... a. management expense ratio. b. net asset value. c. trailer fee ratio. d. load fees. e. sales charges ratio. Securities firms that service both retail institutions and corporate customers are called a. discount brokers. b. broker-dealers. c. integrated firms. d. corporate finance firms. e. dealers. Buying an asset in one market at one price and selling it immediately in another market at another price is called ... a. program trading. b. position trading. c. pure arbitrage trading. d. risk arbitrage trading. e. principal transaction trading. Integrated securities firms engage in all but one of the following a. Trading and brokerage of existing securities b. Corporate restructuring and advice c. Issuing new securities d. Raising money via insured deposits
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